Teaching Business Studies International Trade Question Bank MCQ - Trade

  • question_answer
    Directions The following questions consist of two statements. Statement I and Statement II. You are to examine these two statements carefully and select the answers to these items using the codes given below.
    Statement I Import trade refers to the purchase of goods from a foreign country.
    Statement II It is better to appoint C and F agents for clearing of goods.
    Codes

    A)                                  Both Statements are correct

    B)                     Both Statements .are incorrect

    C)                     Statement I is correct, but Statement II is incorrect

    D)                     Statement I is incorrect, but Statement II is correct

    Correct Answer: A


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